Electric Hoist Market - Growth Prospects, Key Opportunities and Trends Forecasts to 2025
Category: #reports  By Rahul Varpe  Date: 2020-04-16
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Electric Hoist Market - Growth Prospects, Key Opportunities and Trends Forecasts to 2025

The Asia Pacific belt reigned as a supreme power in global electric hoist market in yesteryear, primarily on account of the robust automotive expansion in this region. While the marketplace is characterized by an extensive application array, automotive applications have emerged to be a profitable investment spot for companies, given the fact that these hoists have made cargo handling more efficient and reliable. Not to mention, the profitability quotient of electric hoist industry undeniably relies on the changing trends of automotive sector.

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The Electric Hoist Market is projected to expand from its present industry value of over USD 1.9 billion to more than USD 3.4 billion over the analysis timeframe.

Statistics indicate that the Asia Pacific turf houses numerous light weight vehicle producers with Japan, China, and Korea at the helm covering almost 42% (37 million units) of the global auto production market. Thriving on yesteryear statistics, China alone produced nearly 4.2 million commercial vehicles and 24.8 million passenger cars – estimates depicting China’s pronounced growth prospects in APAC electric hoist market. For the record, APAC electric hoist industry is slated to enter the billion dollar frontier by 2025, with a projected CAGR of 7.5% over 2018-2025.

If reports are to be relied on, this is one of the easiest computer interfaces ever utilized in electric hoist market and is certainly the fundamental factor driving CM’s pronounced stance in the competitive landscape. Allegedly, CM HI-Tech™ allows operators to quickly adjust the hoist performance and speed, in a bid to ensure a sync between the precision load control and application required. The product has already become a subject of focus among the investors, despite the fact that the business space is ablaze with numerous other innovations by eminent companies. Driven by such an innovative product landscape, electric hoist industry garnered a revenue of USD 1.9 billion in 2017.

Top Companies: -

Ingersoll-Rand plc, Konecranes Oyj, Columbus McKinnon, Hitachi Industrial Equipment Systems Co. Ltd., KITO Group, Komatsu Ltd., Reva Industries Ltd., SIGMA Hoist Company Pvt. Ltd., Harrington Hoists, Inc., Beta Max Hoist, Terex Corporation, ABUS Kransysteme GmbH, SWF Krantechnik GmbH

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The regional segmentation covers

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America (LATAM)
  5. Middle East

The report is inclusive of thorough inference regarding the production, price, revenue generated, segmental market share, and growth rate attained by each segment.

What is the gist of this report?

  1. A comprehensive pricing analysis has been carried out with regards to product spectrum, application scope, and regional landscape
  2. An in-depth documentation of the key market players and major companies to understand the competitive spectrum of the global market
  3. Extensive details about the regulatory framework impacting the industry, in tandem with rising investments by the major stakeholder of the global market
  4. All-detailed estimation of the numerous factors aiding the overall industry expansion, along with their influence on the market dynamics and projection of the global market
  5. An exhaustive abstract containing details about the various growth opportunities prevailing in the global market and recognition of important drivers
  6. A detailed analysis of the varied trends that exist in the global market that would enable identification of the several developments

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About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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